tv MONEY With Melissa Francis FOX Business December 12, 2012 5:00pm-6:00pm EST
cleveland the artists will be added to the rock and roll hall of fame in cleveland. can't get a crowd in cleveland. i can say that i love cleveland. david: i'm a disco fan. two of the top things to watch tomorrow, retail sales. economists expect a rise of .4%. october fixes they say affected by hurricane sandy. liz: number one thing to watch tomorrow, initial jobless claims. economists expect no change from last week's figure of 370,000. have a great evening. melissa is next. david: see ya. melissa: i'm melissa francis and here's what's "money" tonight. natural gas explosion sets off an inferno in west virginia. would natural gas use booming across the u.s., is the risk for more accident spiking right along with it? we'll get answers. plus north korea gives the world the finger, successfully launching a long-range missile for the very first time.
iranian officials were reportedly there to witness it. so is north korea ready to sell technology to our most dangerous enemy? >> newark mayor cory booker completes a week on food stamps wanting to know what it is like to live on $1.40 a meal. food stamp use is rising faster than job growth, did you know that? isn't that the problem that needs solving? charles payne is explains how booker misses the point entirely. even when its not it is always about money melissa: first, let's take a look at the day's market headlines the fed announced new measures to help stimulate the economy but apparently investors were not impressed by fed chairman bernanke's afternoon press conference. stocks gave up all of their early gains and the dow closed down two points. shares of warren buffett's berkshire hathaway getting a
jolt. the company is repurchasing 9200 class-a shares from the estate of a quote, long-time shareholder. another business giant is repurposing shares. dupont will buy back one billion shares of its stock. it also adjusted its 2012 earnings outlook to the top end of the expected range. shares rose more than 1%. now to our top story. a huge natural gas explosion erupting in west virgina. four homes went up in flames yesterday before collapsing another five with severe damage. fortunately -- look at that! fortunately no one was killed. but this is not the first time we've seen this of course. it begs the question, would natural gas use is booming across the country will explosions like this happen more often? joining me now is tyson slocum, director of public citizen's energy program. we have david kroetzr researcher in economic and
climate change from the heritage foundation. welcome to both of you. what do you think about this. >> i think we definitely have a problem with a lack of adequate federal oversight of pipeline safety. we've got over half a million miles of transmission pipelines crisscrossing across the united states and only about 110 federal inspectors. we had a pipeline safety bill that passed congress and was signed into law by obama in 2011 but it didn't go nearly far enough in beefing up finances to hire more inspectors. to mandate the increased placement of shut-off valves that in case of an incident in a pipeline you could limit the damage. melissa: yeah. >> and also i think we have to reassess the focus over the last decade of looking at terrorism security and look more at maintenance and operations particularly --. melissa: that is interesting point. let me talk to you about the details of this one. it took place just before
1:00 p.m. >> sure. melissa: it was a 20-inch transmission line. even though the gas flow had been shut off here there was still pressure in the line. you know, natural gas, it has become so abundant. it is so cheap right now. we use it so much. it is relatively cleaa on a fossil fuel basis. we forget how dangerous it can be. what do you think of what tyson had to say? >> well it is not clear that any of tyson's solutions would have stopped this because we don't know exactly what happened. the shut-off valve worked. tyson wants more shut off valves. it was shut off. the thing we have to look at how much energy we get from something like natural gas. with this renaissance we're getting huge amount. compared to the amount of energy we get is safer than say windmills where the industrial fatalities per megawatt hour produced or per btu are greater than with wind or coal. i mean greater than with gas or coal. so if we were to shift to something else, it might actually be more dangerous. but we have accidents all
sorts of things. people get killed every day in crosswalks and we'll not outlaw people crossing the street. i don't know that we want more federal controls over people crossing the street, another federal bill. we want to make it as safe as is reasonable but we'll never be able to eliminate accident. >> that is a great point but to tyson's point, some of the infrastructure has gotten old. you know, boston university recently put out a study and they said there was natural gas escaping from more than 3300 places in boston's underground pipelines. i mean some of the infrastructure, the pipelines that we're using here, are decayedding. >> we already have laws against leaking pipelines. maybe they need to enforce them. but i guarantee you that the pipeline owner is not happy about this. and it will cost them a lot and the pipeline owners have a huge incentive to see they point blow up highways. melissa: tyson, more government is almost never the answer. it does seem like maybe we need to do something here but i'm not sure more regulation and policing.
david makes a freight point that all of the things you talked about those were in place in this case and also, you know the underground leaks in boston. not like that is something, it is not supposed to be there. what can we do to make that go away? >> actually we do have decent laws on the book but issue is of enforcement and that does take financial resources. that actually is a critical part of government oversight. the alternative would be just allowing for-profit pipeline operators to insure their safety and for millions of property owners out there, that is definitely not going to be enough. even with the level of regulation we have ow, we've seen several major incidents over the last several years where pipeline operators knew about reliability and maintenance problems but because they were being budget conscious, they cut those corners and as a result people got injured and we had significant property damage. so in answer to here is --.
melissa: give you last word. >> is government regulation. melissa: give you last word on this one. i think he is talking about the natural gas pipeline in san bruno, california. >> yes. melissa: where eight people were killed. there were 37 homes destroyed. 60 other people were injured. what do you think? i'll give you the last word. >> if they did that budget cutting that is false economy. i agree with tyson we should enforce the rules we have and should have inspectors necessary to enforce the rules we have. saying we need more regulation when we're not enforcing once we already have is not the solution. melissa: appreciate your time. very important issue. >> thank you. melissa: time for today's fuel gauge report. how could a boost to oil producers second straight day, settling up more than 1% at $86.77 a barrel. the international energy agency is increasing its global oil demand are forecast next year, saying demand will rise by $865,000 barrels to 90.5 million barrels per day. mississippi taxpayers getting burned.
the state has given $22 million in support to six green energy companies since 2010. but new analysis by the associated press says, they have created less than 500 jobs. not so good. solar city is postponing its ipo the solar installer was supposed to price yesterday and make its public debut today. details for the delay have not been closed. solar city was seeking to raise $151 million. the fed cracking up the stimulus, cranking up the stimulus knob to full blast. it is dropping $45 billion a more a month on u.s. treasurys. inflation and ballooning balance sheets be damned! i can't keep track anymore of all the it tried to jolt the economy into recovery with very little to show for it i might add. is it time to call in the fed busters to stop ben bernanke from messing with our economy? i like that. joining me nariman bear verb,
ihs chief economist and steve moore from the "wall street journal" steve, seems like you are the guy that likes our ghost buster, fed buster guy. >> i was shocked by the decision. is this qe inifiti we're on right now? melissa: i don't know. >> we've had such a huge deluge of liquidity into the market. and the fed, a lot of people know this that the fed already owns about a trillion dollars worth of federal 30-year treasury securities on its book and it will now purchase 40 billion more a month. that is fancy way of saying what we're doing right now, melissa, we're monetizing our debt. melissa: yeah. >> treasury department is issuing the debt and federal reserve is purchasing the debt and purchases that debt by printing money. melissa: nariman, a lot of people expected before the announcement today they would say they're backing off. instead they said they will target the unemployment rate, you know as if this would give them license to go on morph longer. were you surprised and do
you think it's a good idea? do you think steve is right that we're just monetizing debt? >> let's start off with, no we were not surprised. we pretty much expected him to do what they ended up doing. i don't think --. melissa: targeting unemployment rate? you thought they were going to do that part? >> oh, yes, absolutely. the only issue what was the threshold they were going to pick. we pretty much guessed that. it was coming basically. now, is it a good idea which is sort of fundamental question i think you guys are asking? maybe. i'm a bit of an agnostic. i'm not an atheist. i'm not a true believer. i'm an agnostic. i think reality is the various impact of qes have been small but slightly positive. it has not done a lot of damage yet but also not done a lot of good. so again as i said agnostic as far as, is it good. melissa: so steve, that begs the question, if we're doing it and doing it as nariman says it is doing a little bit of good and not that much, is there going to be a
bill to pay down the road and when we get it we'll say here's the bill, was it worth it? >> that is the big question because we don't know what the answer is to that and we can't predict the future. that is the flaw in the strategy saying we'll stimulate the economy now. very much like the spending patterns we've seen, melissa. it is a reason why the stimulus plans haven't worked very well. you're borrowing now and having to pay this money back. it is interesting, i talked to jeb hensarling who now oversees the fed at financial services committee at the house he was somewhat outraged by this look we have the fed now engaged not just in monetary policy and fiscal policy and that is not in their charter. melissa: right. nariman, i will start do you think there is bill to pay down the road? do you think we'll come back here later, here is what it is couldsing us, was it worth it? what will the bill be? >> that is a good point and it all boys down to the exit strategy about and the worry is, now, talked about exit strategy when was it the summer of 2011 but then the
its balance sheet was much smaller than it will end up being. melissa: right. >> the question now is, what is the exit strategy with this much bigger balance sheet? that very well could be the bill to pay. how quickly will they unwind it? how much damage could that do to the economy? that is open to question. i think that is source of some concern. melissa: if they say they're pegging exit on unemployment rate it implies they're having an impact on the jobs market i'm not sure they really have. unless you say the counter factual would have been worse if they didn't do it. steve, do you think they're having an impact on the jobs market? >> i think you're asking the wrong question, melissa. it is not whether they have, it is whether they should. i'm a traditionalist. i believe the fed should have one role and one role only. they shouldn't look at unemployment rate. their role should be to control inflation and keep price stability. melissa: sound money. >> i want them to keep their eye on the ball. the idea of two balls in the air at one time i think is
recipe for real trouble down the line. melissa: i agree with you, steve moore but i think that ship has sailed. thanks to both of you, unfortunately. great discussion. we appreciate it. north korea sends shutters across the globe, successfully launching its first long-range missile and the technology reportedly has iran drooling. is north korea ready to make a sale to our most dangerous enemy? more "money" coming up. s ♪ many of my patients still clean their dentures with toothpaste. but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer anmay have surface pores where bacteria can multiply. polident is designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste.
that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter every day. i heard you guys can ship ground foless than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. [ male announcer ] break from the holiday stress. i have obligations. cute tobligations, but obligatio.ing. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blos for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal.
♪ . melissa: north korea achieving a chilling milestone. it is now successfully launched its first long-range missile and iran couldn't have been happier. it is congratulating the rogue state with firms reported to be in attendance for the launch. is the iranian regime preparing to buy this dangerous technology from the north koreans? for insight we turn to gordon chang, author of the book nuclear takedown. well come to the show. >> thank you. melissa: what is significant about this. a lot of people were watching. they have didn't necessarily expect success. they point to a clean
separation between the second and third stages. what does it mean? why is that important? >> they hadn't done that before. in 1998 the first test of the long-range missile and up to today the most successful one they had trouble separating the second and third stages. melissa: what that mean? >> it is three-stage rocket. they have to separate cleanly. they were able to do that at this time to put the satellite in orbit which is astounding. all the indications last couple weeks this was going to be another failure. they didn't have enough time to analyze the mistakes they made in april. and just completely --. melissa: i mean that's what a lot of people say. not enough time has gone by to figure out what has gone wrong in the past. do you think this was lucky? do you think they had help? >> yeah. melissa: how did it happen? >> north koreans are really good at engineering. they could have done this on their own but yes they probably had help. the only culprit that i can think of is china because china has supplied technology to north korea's missile program in the past. we saw that on april 15th
where the missile launchers they came from china. they were paraded in pongyang. they sold the missile launchers, probably sold the missiles and sold the same launchers and missiles to pakistan. we shouldn't be surprised china is there. melissa: speaking of money, you brought that up, north korea spent $3.2 billion over 14 years on weapons. annual per capita salary in the country is $2,000. you know, i mean it's a tough comparison. why is this meaningful to us though, that they have achieved this? >> well, because within a year, maybe 18 months, they will be able to put a nuclear warhead on a long-range missile and send it to the united states. we really have no defenses for that. once it is in the air it is very hard for us to shoot it down. which means we don't have that much time to stop the north korean missile program. this is unstable regime after all. this is not like the soviet union, a status quo power. this is country in real distress. melissa: how much time do you think we have and what is the iranian connection?
>> we're about 15 years or so the north koreans and iranians have a joint missile program where the north koreans develop the technology and iranians pay for it. shahab 5 and 6 of iran is the north korea's type dong missile. clearly the north koreans have sold this before. they will definitely try to sell this to the iranians. it is up to us to stop it which means we might have to interdict shipping. >> not a leap to say they were there in attendance, they were cheering them on, that they would be perfect customers? >> the iranians have been on site for all five long-range missile test. they have been on sight in north korea for the two nuclear debt nations. -- detonations. these are two countries working closely together. melissa: what can we do to stop this because we're not doing much to stop anything around the world? >> we cut in 2005 north korea from the global financial system. those were extraordinarilily
effective. we lifted them at the behest of china. we'll have to stop north korea from selling missiles to iran. we will have to stop their air traffic and shipping. if we don't do that it will not only be north korea with the missiles but it will be iran. melissa: do you think it is likely we'll do that? >> i'm not saying it is likely but i'm saying it is necessary. this is really one of those times we're not willing to do what is absolutely required from us to protect americans. melissa: seems we don't have the political will to do that right now because we have so many pots boiling over in places where we're trying to have some sort of influence and this is sort of the least of our troubles but one that is obviously very meaningful. >> this is perhaps the most meaningful. melissa: really? >> i don't think the north koreans would actually launch. but i believe they would try to sell it. through all they will spread the missile technology. they were selling missile parts to the syrians. they were caught in may doing that. imagine if assad had a long-range missile right now? melissa: absolutely. gordon, thanks so much. appreciate your time. good insight.
>> nation's largest bank gives a hand to our biggest heroes. jpmorgan chase is helping get 100,000 veterans hired. one of the bank's top executives and one of its veteran recruits explains how they will get it done. that is up next. listen up, mayor booker. our charles payne is calling you out. the mayor suffers through a week on food stamps. charles says he is distracting everyone from the program's biggest problem. he will explain that coming up. do you ever have too much money? ♪ you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®.
hire 100,000 veterans by 202. the coalition has already hired more than 28,000 vets. joining me is the co-chief operating officer for jpmorgan chase. and ryan enriquez, a veteran of operation iraqi freedom. he is project manager at jpmorgan worldwide security service. well come both of you to the show. thanks for coming on. frank, why do vets make particularly good employees? >> we found veterans are well-disciplined. they are trained. they are great team members and they have already demonstrated their ability to operate under pressure and under very difficult circumstances. they're fabulous employees. melissa: they have a tremendous work exthick i would imagine. like you said, they really know how to work as a team. ryan what drew you to jpmorgan chase? how did all this happen? >> when i got out of the military and i went to college, i graduated in 2008. it was really rough time. so i pursued a higher education for my masters.
i found mentors who worked in various financial services that attracted me to the industry. personal friend of mind told me the 100,000 jobs mission was launching and convinced me to attend a job fair. melissa: do you think vets make good employees? >> absolutely. we have tangible and intangible skills we bring. intangibles, leadership, discipline, ability to work with a team. situational awareness which is very important in business. and tangibles the military is project-based, process oriented. we have a lot of respect for policies and procedures. melissa: you know about getting a task and finishing it over the finish line and staying committed. >> yes. melissa: you find that vets have a hard time getting jobs and fitting back in, is that your experience. >> we have unconventional path for one choosing the military. when we get out of the military we have to find the best way to integrate.
the best way to do that is knowing what you want, what you want to pursue as a career and find companies looking to hire you. melissa: frank, there are a lot of people out of work right now. why focus on veterans in particular? >> i think we have a deep obligation to the veterans. i really believe they have done something above and beyond for this country. they have served. they have given up their time. they have given up their family's time. and it is important whether we have, distinct requirement or not, to find the right opportunity to put them to work. melissa: going forward, how will you continue this? if there is somebody out there watching who is a veteran, looking for work, what should they do right now? >> well the jobs coalition we have, which is more than 80 companies, are all working together. i think what the best thing is, come to chase milltary.com. that is chasemilitary.com and look at the opportunities. we are happy to help everybody, every military member find their way through the opportunities that exist. >> a lot of people think of
jpmorgan chase and you think of being a bank teller or think of being and second i have it. this is a financial show. so we all think of jamie dimon. there is a whole range of jobs that are available, right? what is it like? what's out there? what's the opportunity? >> it's great that you bring that up, melissa, because the reality is we have technology jobs, we have operations jobs. we have real estate jobs. we have jobs everywhere from the mailroom to covering customers. and what we've learned is, that that covers the gamut for the military also. i think what is really important, we build programs. we built the body armor to business suit program. we built the military 101 training program. we're bringing in 20 new branch managers that will be veterans and they're going to come in as branch managers. so it spans the gamut. melissa: yeah. >> we can teach and they already come well-skilled and it is all types of jobs. melissa: ryan, frank will cover his ears. what do you think about
working for jpmorgan chase? what is it like? >> it has been a great experience so far. since i was hired my manager helped me grow professionally and personally. melissa: yeah. >> i was encouraged to participate in internal programs. since i performed exceptionally well he helped me find a new opportunity in the bank as well. so there are growth opportunities. melissa: thanks very much for your service. we appreciate both of your time. mayor cory booker suffers through a week on food stamps to prove how hard it is. but our charles payne says booker couldn't be more blind to the real problem and he will explain why coming up next. big brother is listening in case you didn't know it. firms are snooping on private conversations on public buses, did you know that? and they're sticking taxpayers with the rising tab. i hadn't heard about this. "piles of money" coming up. ♪ . from the best players in history
to the number 1 club in the world. the potential of manchester united unlocked. nyse euronext. ♪ . melissa: well the suffering is over for newark, new jersey mayor cory booker. he has completed his challenge to live on full stamps for a full week. the rules were simple. just $33 for seven days but fox business's very own charles payne says booker wasted his time and wasted opportunity to get record number of americans offer food stamps.
charles joins us now. >> sadly i think the goal is to get more people on food stamps. melissa: feels like it. but people would say we're very cynical an mean-spirited and there are kids that are hungry. >> that was one of the reasons he took up the challenge but, you know, that is misleading also. listen, if you're on the snap program, food stamp program you still qualify for wic, for mothers infants and young kids. you qualify for meals on wheels. you qualify for a lot things. i mean there is really no reason any kid should be going to school hungry, really, there isn't. you also can be on the programs and receive welfare also. listen, $33 a day, you want to break it down that way, fine. reality though --. melissa: your point though in the title it says it is supplemental. >> the snap program --. melissa: idea that you're not living on $33. this is uply meant to other programs and whatever money you might have. >> they make it the point in marketing 60% on the program have some sort of job or income coming into the household. that underscores the fact it
is supplemental. it is designed to help you out. designed to get you through a tough period of time. i don't think it was designed for someone to be born on the program and die on the program. melissa: you always say the problem isn't the logistics, it's the message, right? >> it is the message. right now the message is we owe people more as a birthright, being born in it country, somehow the government, the nation, the country, owes them more. that they should get more money so they can buy more food. in fact today on the his twitter feed cory booker was talking about farmers markets, things like that. i think, one of the big problems that we have with respect to poverty in this country is that we made it just comfortable enough. i know this is when people get upset when i say this, it is just comfortable enough a lot of people don't have the impetus to get off it. this of course by putting more money into it, by the way, it is underscored, there was article this week in "huffington post" by a woman trying to support cory booker with respect to the idea this isn't enough money. she has a ph.d. but hit a hard patch in life
and was talking about how hard it is to get off of this. which actually it's more to the point hat i'm making. if, it is designed so that you make the transition but if you make it so comfortable, who would ever get off it? melissa: they make the point, anytime you debate this with one on the left, yes, the goal is to get more people on food stamps. if you need it, they want to raise awareness and why they do the ad campaign. they want more people on it. in fact the number of people on the program increased 54 times greater than number of jobs that have been gained in the same time period over past four years. we're putting people on food stamps faster than creating jobs. >> that is shame. because we're also creating a different kind of a dependency. not calling someone a moocher or anything like that. human nature gets to the point, like someone with a ph.d, if you give up on the idea that society has opportunities out there for you become some sort of, enter a faustian deal with
the government. keep feeding me. pay for my rent. pay for everything i need including feed and you've got me. got my vote. i will vote for you as long as you continue to make this situation of mine a little bit better. melissa: do you believe it is more demoralizing than hunger or not having, not filling up your food basket at the end of the day? >> you know what? when i was growing up there was a point we didn't have any money. i got to admit going to the supermarket was a thrill. coming home with whole bunch of canned foods, having food in the house really, really felt good but for me it also told me i never wanted to be in that position as i became an adult myself. nobody wants to go hungry but i don't think anyone in america is necessarily going hungry. but i think it is morally wrong to create a situation for people that are trapped. ph.d says it is hard to get off the program now, if we make it more enticing how much more difficult will it be to get off the program? melissa: what do you think answer is? >> the answer is a robust
economy. melissa: yeah. >> the answer is the economy where we're not looking to divvy up the spoils but create new prosperity for everyone the forget about trickle up or trickle down, grow the pie. grow the pie. not cut it up in little bity pieces. grow it more exponentially there will be more opportunities. melissa: more jobs. >> the message comes along with this, message of victimization. the message that people don't like you. that would help a lot if politicians turn that around say listen, because you get a certain amount of food stamps and not more doesn't mean other people across the other side of town dislike you. i wish the leaders, people who had the ear of a lot of people would take the time to promote a different message but that's not the case. it has been divide and conquer. melissa: absolutely, charles. >> so great being on your show. melissa: here is our question of the day, you guys have been vocal, do you think you could survive on $33 a week in food stamp budget like newark, new jersey, mayor, cory booker?
a lot of great answers of you guys. heat up olive oil. other things that didn't make sense. you could bypass sta and rice and it would be a piece of cake. follow me on twitter @melissaafrancis. something from 1984 but a nerving report reveals government officials are taping conversations on public transportation. did you know this? by the way they are sticking us, the taxpayers, with the bill. how is that even legal? the details coming up next. at the end of the day it is all about money. ♪ .
melissa: next time you get on a bus big brother could be listening. that's right. some cities across the country are spending millions of taxpayer dollars installing audio surveillance systems on public buses. what is next, subways, taxis airplanes? will this help keep us safe? i'm not sure about that. or will it cause another case of government gone wild. joining me defense attorney
brian claypool. thanks for joiiing us. is this legal? >> sure, thanks for having me, melissa. news flash. i was ready to take the bus over here to the studio this afternoon and i canceled that plan after i heard about the topic we had today. i didn't want anybody to find out what my little girl might get for christmas. in terms whether this is legal or not the big issue, do you have a reasonable expectation of privacy when you leave your home? in other words, you get on a bus or get on a subway, you start chitchatting. melissa: do you? starting to feel like we don't any longer. >> in many respects we don't, given the climate we live in, given how volatile with terrorism, the situation in syria and taliban and al qaeda we have ask ourselves, what price do we want to pay to keep our safety? personally i don't think it is that big of an infringement on our privacy rights if we're taping these conversations. melissa: really? >> if it is to prevent terrorist attack. melissa: do you think it will prevent a terrorist
attack if we have listening devices on subways, on buses, on planes, everywhere we go? >> well here's the point. if we can prevent one potential act of terrorism because we're taping conversations on a bus or a subway, then i think it is worth it. but here's the potential problem. what if information you talked about, for example, you're on the phone. you're giving out credit card information to buy something. and then somebody is listen to that tape and steal your credit card? then we're looking at mountains of lawsuits by people and that then gets into the issue talked about earlier, what is the cost of all this, all these lawsuits might mean a lot of money that will have to be paid with taxpayer money. melissa: once the cat is out of the bag can you really limit it? if you allow devices to be in place seems like they would end up being used for a lot of different things. inevitably lawyers would get involved if there was a crime. they would want to look at it. if there was a dispute, even
a civil dispute? seems like tapes, whatever, video or audiotapes would just become public property after a while? >> well, my point would be here, that you have to have a specifically tailored place in which you can have audio surveillance. for example, public places like buses, maybe subways and possibly even at a restaurant or maybe a sporting event where there is a lot of people together where terrorist act is more likely to take place. i wouldn't permit something like this, for example at a work place. you have confidentiality issues and, possibly even in restaurants. i don't think that would be fair. melissa: that is the next step. that is the very next step. we already have video cameras in the workplace. the next step to have audio everywhere if it isn't already there. where does the slippery slope ended? is only place you have a reasonable expectation of privacy in your home with the shades drawn? >> i think given the climate we live in now, melissa,
that might very well be the case. i was thinking about this coming over here. imagine this. imagine if there is somebody on a bus who makes a comment having possibly committed a crime two or three weeks prior to this. they get this information. they start doing surveillance on this person. they possibly glean some dna evidence on this person and convict him of possibly some very ttrrible crimes. i think something like this is worth that. my dad always told me, keep your dirty laundry at home. maybe that is what we ought to start doing. melissa: yeah, i don't know. i think it is a very slippery slope that evolves from here. you're talking about extreme case where something is good is done. immediate you would have divorce lawyers trying to make a hold of the tape making the argument, once they're out there in the legal realm they end up getting used for everything. >> right. i think you're making a good point. in terms of whether this practical or not, in terms of whether we afford this or not i don't think it is going to work. people will file lawsuits.
you will have a lot of litigation. a lot of costs involved in the litigation. i don't think it is economically feasible. melissa: brian, thanks so much for coming on. we appreciate your time. >> sure. thanks for having me, melissa. melissa: the vatican officially announces we have nothing to worry about over the mayan apocalypse. you know what? i wouldn't feel better until the pope tweets it. the twitterverse is on fire for a different reason. you can never have too much money or too many tweets. ♪ . and we can save you 10% on ground shippg over the ups store. look this isn't my first christmas. thesdeals all seem great at the time... but later... [ shirt ] merry christmas, everybody! not so much. ho ho ho!
this isn't that kind of deal. [ male announcer ] break from the holiday stress. save oground shipping at fedex office. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare.
♪ melissa: i love it, time for spun with spare change. we're joined by julie, he brought me a cake. all right, and dennis, back to you, dennis, did you bridge me anything for my birthday. >> there are wonderful cupcakes right outside of my office, they are for you, they are left over but. but. melissa: residents say this someone is going around cutting wires on holiday light displays, one homeowner said she was hit 3 times, who is that culprit? >> chris christie, i'm kidding,
remember that christmas vacation, with chevy chase. this guy is saving a lot of people a lot of trouble by cuts the cord. >> i see something much darker, this is part of the war on christmas, some people, are just grumpy when it comes to christmas and decorations, they are offended by them, but it could be teenagers. melissa: i think it isstein agars -- teenagers. >> we used to steal light bulbs. >> suspect that dangerous? >> that is the risk, the challenge. melissa: can you imagine you spend all that time putting up your decoration, and someone cuts cord,. >> and they could been shocked, cutting through electrical wires.
melissa: do not do this at home. >> it could be the neighbors, i am the garish lights,. melissa: pope sense out his personal tweet, dear friends, i am pleased to get in touch with you through twitter, thank you for your generous response, i bless all of you from my heart. how boring. all right, are you following the pope? >> i am not, but as soon as he did that, millions of hipster tattooed 20-year-olds resigned from twitter, the sign that twitter has jumped shark even the pope on using it. >> you are getting ex commune tweeted. pontif x follow me come on. melissa: who actually thinks that the pope is tweeting,
someone is doing it for him. >> no way, i bet his finger tips have never touched a keyboard. melissa: director of vatican observatory said that the work is not going to end on december 21, despite the mayan pre predi, and wrote that the universe is expanding but will breakaway but not for millions of years. do you believe it? >> this is a massive breakthrough, isn't the point of christianity, armageddon can -- the world can end any day, you have to be prepared. now the pope said not for billions of years. >> you are right, a conflict of interest. >> i am wishing i could come up with the answer that uses the word ecunical.
>> whatnot 12/12/12. >> if it ends no one can hold you accountable. >> i read that mayans never took leap year, according to their calendar, the world should have ended 4 years ago. melissa: and mexican drug smuggler are using canons to get pot into the country, they have found 33 barrels of marijuana, they believe were launched by a canon. what are they going to think of next, dennis? >> soon they will not be able to sell pot, it is coming legal to the states, baby, you have colorado, washington state. melissa: you just need a credit card. >> right. >> how stoned were they to come up with this idea, they were
sitting around, say i know let's fire it in a canon across the border it sounds like a great idea. melissa: that is entrepreneurialism. >> where there is a will there is a way. melissa: today's date is 12/12/12, the last time we'll see a triple date for 89 years, num errol gists say this is a great day to start a new business, and get married, the wedding chapels in vegas have been overrun with people, good luck to you, and what about those lucky people born to 12/12, like yours truly. >> happy birthday. >> it is liz claman's birthday as well. >> you are the single post famous people born on 12/12 i would imagine. melissa: frank sinatra is davis, and bob barker, he is super famous. >> is he still alive. melissa: a